TMV Swing Trade Report update – British pound jumps sharply overnight – swing trading strategies, swing trade signals, action reaction, trading in futures

TMV Swing Trading Report – Long June British pound @ 1.6380

The British pound jumped sharply overnight as the Bank of England  raised it’s inflation forecasts for the quarterly report. The report projected inflation to hit 5% in 2011 and stay well above the early target of 2% throughout 2012.